ISM Manufacturing Index Highlights Ongoing Economic Contraction
Wednesday, 2 October 2024, 10:12
Ongoing Contraction in Manufacturing
The ISM Manufacturing Index revealed a PMI of 47.2% for September.
Implications of the PMI Data
This number matches August's figure, indicating persistent contraction in the manufacturing domain. An index value below 50% signifies a reduction in economic activity, warranting attention from policymakers and investors alike.
- Manufacturing sector faces ongoing challenges
- Confidence dampened due to declining orders
- Potential impact on broader economy
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.